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Auto Dealership

Avis Car Rental

7420 W 159th St, Orland Park, IL 60462

Listing Price: $2,125,700

Tenant Name
Avis Budget Group
Years Remaining On Lease
4.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$850.28
Lease Type
Absolute Net
Rent Per Square Feet
$44.64

Investment Overview

SURROUNDED BY NATIONAL RETAILERS AND MULITPLE HOUSING DEVELOPMENTS • Major Retail corridor with 2 Million Square Feet of Retail within 1 Mile*: Home Depot, Aldi’s, Sam’s Club, Costco, Hobby Lobby, Planet Fitness, McDonald’s, Wendy’s, Starbucks, in the immediate trade area • Totaling 693 Housing Units Within 1 mile*: Heartis Senior Living (125 rooms), The Residences @159 Tinley Park (208 Units), Bremerton Manor (106 Units), Tinley Court Senior Living (118 Units), Heritage Manor (96 Units), Thomas Place (80 Units), Tiffany Drive Apartments ( 44+ Units), etc. NNN LEASE STRUCTURE WITH MINIMAL LANDLORD RESPONSIBILITIES AND ANNUAL INCREASES • NNN lease, No Landlord Responsibilties • 2.5% Annual Rent Increases starting Year 6, providing a hedge against inflation 2017 CONSTRUCTION, PUBLICLY TRADED CORPORATE TENANT • Property is newly constructed in 2017 • AVIS Budget Group (NASDAQ: CAR) is a Publicly Traded Corporation with 600,000 vehicles in their fleet, 11,000+ Locations in 180+ Countries and is a Leading Global Provider of Mobility Solutions STRATEGICALLY LOCATED ON W 159TH STREET (39,300 CPD) • Located 15 miles South of Downtown Chicago • Located 0.9 mile East of University of Chicago Medicine (811-bed Hospital) DENSE AND AFFLUENT CHICAGO SUBURB • Orland Park is a suburb of Chicago, with a Population of 58,703 and Average Household Income of $104,317 • Chicago is one of the largest cities in the US, with Corporation Headquarters include Walgreens, Boeing, United Airlines, AbbVie, Abbott, Deere, Caterpillar, KraftHeinz, amongst many

Investment Highlights

  • SURROUNDED BY NATIONAL RETAILERS AND MULITPLE HOUSING DEVELOPMENTS
  • NNN LEASE STRUCTURE WITH MINIMAL LANDLORD RESPONSIBILITIES AND ANNUAL INCREASES
  • 2017 CONSTRUCTION, PUBLICLY TRADED CORPORATE TENANT
  • STRATEGICALLY LOCATED ON W 159TH STREET (39,300 CPD)
  • DENSE AND AFFLUENT CHICAGO SUBURB

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Dealership

Avis Car Rental

Listing Price: $2,125,700

Tenant Name
Avis Budget Group
Years Remaining On Lease
4.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$850.28
Lease Type
Absolute Net
Rent Per Square Feet
$44.64

Investment Highlights

  • SURROUNDED BY NATIONAL RETAILERS AND MULITPLE HOUSING DEVELOPMENTS
  • NNN LEASE STRUCTURE WITH MINIMAL LANDLORD RESPONSIBILITIES AND ANNUAL INCREASES
  • 2017 CONSTRUCTION, PUBLICLY TRADED CORPORATE TENANT
  • STRATEGICALLY LOCATED ON W 159TH STREET (39,300 CPD)
  • DENSE AND AFFLUENT CHICAGO SUBURB

Investment Overview

SURROUNDED BY NATIONAL RETAILERS AND MULITPLE HOUSING DEVELOPMENTS • Major Retail corridor with 2 Million Square Feet of Retail within 1 Mile*: Home Depot, Aldi’s, Sam’s Club, Costco, Hobby Lobby, Planet Fitness, McDonald’s, Wendy’s, Starbucks, in the immediate trade area • Totaling 693 Housing Units Within 1 mile*: Heartis Senior Living (125 rooms), The Residences @159 Tinley Park (208 Units), Bremerton Manor (106 Units), Tinley Court Senior Living (118 Units), Heritage Manor (96 Units), Thomas Place (80 Units), Tiffany Drive Apartments ( 44+ Units), etc. NNN LEASE STRUCTURE WITH MINIMAL LANDLORD RESPONSIBILITIES AND ANNUAL INCREASES • NNN lease, No Landlord Responsibilties • 2.5% Annual Rent Increases starting Year 6, providing a hedge against inflation 2017 CONSTRUCTION, PUBLICLY TRADED CORPORATE TENANT • Property is newly constructed in 2017 • AVIS Budget Group (NASDAQ: CAR) is a Publicly Traded Corporation with 600,000 vehicles in their fleet, 11,000+ Locations in 180+ Countries and is a Leading Global Provider of Mobility Solutions STRATEGICALLY LOCATED ON W 159TH STREET (39,300 CPD) • Located 15 miles South of Downtown Chicago • Located 0.9 mile East of University of Chicago Medicine (811-bed Hospital) DENSE AND AFFLUENT CHICAGO SUBURB • Orland Park is a suburb of Chicago, with a Population of 58,703 and Average Household Income of $104,317 • Chicago is one of the largest cities in the US, with Corporation Headquarters include Walgreens, Boeing, United Airlines, AbbVie, Abbott, Deere, Caterpillar, KraftHeinz, amongst many

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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